DOGECOIN - DOGE/USD - 1H - Technical analysis published on 06/06/2021 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Slightly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 0.366146 USD
My targets
0.407632 USD (+9.84%)
0.444393 USD (+19.75%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on DOGECOIN - DOGE/USD as long as the price remains well above 0.366146 USD. The buyers' bullish objective is set at 0.407632 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 0.444393 USD. If there is any crossing, the next objective would be the resistance located at 0.560216 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
4.6
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This analysis was given by imorton777. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOGECOIN - DOGE/USD rating 0.371100 USD. The price has increased by +4.45% since the last closing with the lowest point at 0.346229 USD and the highest point at 0.376500 USD. The deviation from the price is +7.18% for the low point and -1.43% for the high point.0.346229
0.376500
0.371100
The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
Technical analysis of this 1H chart of DOGECOIN - DOGE/USD indicates that the overall trend is slightly bullish. Only 60.71% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
The probability of a further increase are moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 0.306602 | 0.337179 | 0.366146 | 0.371100 | 0.407632 | 0.444393 | 0.560216 |
| Change (%) | -17.38% | -9.14% | -1.33% | - | +9.84% | +19.75% | +50.96% |
| Change | -0.064498 | -0.033921 | -0.004954 | - | +0.036532 | +0.073293 | +0.189116 |
| Level | Minor | Intermediate | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.283494 | 0.312979 | 0.334130 | 0.363615 | 0.384766 | 0.414251 | 0.435402 |
| Camarilla | 0.341356 | 0.345998 | 0.350639 | 0.355281 | 0.359923 | 0.364564 | 0.369206 |
| Woodie | 0.279327 | 0.310896 | 0.329963 | 0.361532 | 0.380599 | 0.412168 | 0.431235 |
| Fibonacci | 0.312979 | 0.332322 | 0.344272 | 0.363615 | 0.382958 | 0.394908 | 0.414251 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 0.092147 | 0.180418 | 0.267850 | 0.356121 | 0.443553 | 0.531824 | 0.619256 |
| Camarilla | 0.306963 | 0.323069 | 0.339175 | 0.355281 | 0.371387 | 0.387493 | 0.403599 |
| Woodie | 0.091727 | 0.180208 | 0.267430 | 0.355911 | 0.443133 | 0.531614 | 0.618836 |
| Fibonacci | 0.180418 | 0.247537 | 0.289003 | 0.356121 | 0.423240 | 0.464706 | 0.531824 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | -0.388650 | -0.082581 | 0.122888 | 0.428957 | 0.634426 | 0.940495 | 1.145964 |
| Camarilla | 0.187685 | 0.234576 | 0.281467 | 0.328358 | 0.375249 | 0.422140 | 0.469031 |
| Woodie | -0.438949 | -0.107731 | 0.072589 | 0.403807 | 0.584127 | 0.915345 | 1.095665 |
| Fibonacci | -0.082581 | 0.112826 | 0.233549 | 0.428957 | 0.624364 | 0.745087 | 0.940495 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 52.74 | |
| MACD (12,26,9): | 0.0023 | |
| Directional Movement: | -14.835495 | |
| AROON (14): | 42.857143 | |
| DEMA (21): | 0.369864 | |
| Parabolic SAR (0,02-0,02-0,2): | 0.349865 | |
| Elder Ray (13): | 0.001220 | |
| Super Trend (3,10): | 0.400155 | |
| Zig ZAG (10): | 0.370800 | |
| VORTEX (21): | 0.9754 | |
| Stochastique (14,3,5): | 88.51 | |
| TEMA (21): | 0.372993 | |
| Williams %R (14): | -11.24 | |
| Chande Momentum Oscillator (20): | -0.000800 | |
| Repulse (5,40,3): | 0.8106 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0664 | |
| Courbe Coppock: | 6.42 |
| MA7: | 0.367981 | |
| MA20: | 0.351500 | |
| MA50: | 0.390481 | |
| MA100: | 0.231210 | |
| MAexp7: | 0.370448 | |
| MAexp20: | 0.367154 | |
| MAexp50: | 0.367083 | |
| MAexp100: | 0.366339 | |
| Price / MA7: | +0.85% | |
| Price / MA20: | +5.58% | |
| Price / MA50: | -4.96% | |
| Price / MA100: | +60.50% | |
| Price / MAexp7: | +0.18% | |
| Price / MAexp20: | +1.07% | |
| Price / MAexp50: | +1.09% | |
| Price / MAexp100: | +1.30% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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